You definitely have to listen to the conference calls when they come up, usually each one has one or two nuggets that dont make any press release.

I loved how Ivy kept interrupting him and said “It would make me feel a lot better moving forward if the large homebuilders acknowledge the problem (or the possibility of a problem” (paraphrase)

The only thing she missed was asking about non-30 year fixed financing. Otherwise her call was a homerun.

Bob Toll will speculate wildly about “pent up demand”, but as soon as she speculates that their might not be pent up demand and asking his contingency for that, he says he doesnt like to speculate…

And you are right, most analysts do not ask the tough questions at all on a phone call.

Here is my stock list I watch for homebuilders, it is nowhere near complete, but allows me to hit the press releases and conference calls as they trickle out.

CTX DHI HOV KBH LEN PHM TOL MTH RYL BZH SPF ^TNX TOA WCI DHOM WLS MDC NVR BHS